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Trump to Announce Fed Chair Replacement Amid Criticism

1/30/2026

23 5 Full Breakdown

Summary

Story summary

U.S. President Donald Trump will reveal his choice to replace Jerome Powell as Fed chair next week.
Trump has criticized Powell for not cutting rates to his preference.
Powell maintains the Fed should remain independent and base decisions on economic data.
Powell's term ends in May, but he can stay on the board through 2028, affecting the appointment.

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Story summary

U.S. President Donald Trump will reveal his choice to replace Jerome Powell as Fed chair next week.
Trump has criticized Powell for not cutting rates to his preference.
Powell maintains the Fed should remain independent and base decisions on economic data.
Powell's term ends in May, but he can stay on the board through 2028, affecting the appointment.